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Western Alliance put volume heavy and directionally bearish

Western Alliance put volume heavy and directionally bearish

Bearish flow noted in Western Alliance with 12,974 puts trading, or 4x expected. Most active are 2/9 weekly 58 puts and 2/9 weekly 56 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 3.64, while ATM IV is up over 8 points on the day. Earnings are expected on April 16th.

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